Announcing his Cabinet on Monday, incoming Prime Minister Tony Abbott appointed Greg Hunt, the Liberal-National Coalition’s spokesman on climate change issues since 2009, as the new Minister for the Environment. “(Hunt) will have responsibility for the abolition of the carbon tax, imp...

BEIJING, May 21 (Reuters Point Carbon) - China’s National Development and Reform Commission (NDRC) has proposed setting an absolute cap on the country’s greenhouse gas emissions from 2016, local media reported Tuesday, a move that would make China’s emissions target independent of its...

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SAO PAULO, Oct 29 (Reuters Point Carbon) – Mexico’s Senate has approved a new tax on fossil fuel use that will allow companies to buy and surrender U.N.-backed carbon credits instead of paying the charge, the government said in a statement Wednesday.

“Even though it is likely that more ambitious policies will be put in place over the coming years, we think carbon prices will essentially remain at single-digit levels, averaging €7.7/t in the period up to 2020. From the start of phase 4, which is scheduled to run from 2021-28, we ex...

LONDON, Jan 3 (Reuters) - European carbon trading volumes rose 2 percent in 2013, the ninth consecutive year of growing activity in the EU Emissions Trading Scheme, which has been plagued by oversupply and rock-bottom prices.

LONDON, Oct 3 (Reuters Point Carbon) – Russia will keep its greenhouse gas emissions at least 25 percent under 1990 levels by the end of the decade, according to a decree published on President Vladimir Putin’s website this week, confirming a target for the world’s fourth biggest emit...

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LONDON, April 4 (Reuters Point Carbon) – Russia’s economy ministry has recommended to Prime Minister Dimitry Medvedev that the country launch a nationwide carbon market as soon as next year, the first formal backing for cap-and-trade in the world’s fourth biggest greenhouse gas emitter.

DOHA, Dec 5 (Reuters Point Carbon) - Four EU member states and the EU Commission on Wednesday pledged to give poor nations about 5 billion euros next year in part to help them deal with climate change, government officials told Reuters Point Carbon.